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Title : The IMF Is Surprisingly Upbeat About Russia's Economy
link : The IMF Is Surprisingly Upbeat About Russia's Economy

The IMF Is Surprisingly Upbeat About Russia's Economy

 

RT: IMF upgrades Russian economy forecast 

The fund expects 0.3% growth in 2023, having previously predicted a contraction The International Monetary Fund has revised upwards its estimate of Russian economic development, projecting GDP to grow by 0.3% this year, and 2.1% in 2024. 

According to the fund’s World Economic Outlook update published on Monday, Russia’s GDP fell by 2.2% last year. In its October forecast, the IMF reported that the decline was expected to be 3.4%. For this year, the fund previously predicted a drop of 2.3%, and for 2024, a 2.1% decline.

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WNU Editor: The IMF expects Russia's economy to grow 0.3% this year, a reversal from its contraction of 2.2.% in 2022. 

I think the IMF's numbers for 2022 are wrong. From what I have seen and heard high energy prices and war spending boosted the Russian economy into positive growth. And as for 2023. I expect more growth than the 0.3% that the IMF is forecasting. 

Of course this is all contingent on how the war in Ukraine shapes up in the coming months. But there is one thing that

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is clear. Sanctions did not "crater" Russia's currency as President Biden predicted last March, and there has been no Russian economic collapse.  

Update: This is embarrassing for the UK government .... No 10 insists UK economy is strong despite IMF warning it will fare worse than any other in developed world - including Russia (SKY News). And they are not alone. Germany is in recession. Sweden is in recession. And the sources that I trust see the EU economy as a whole looking dismal for the rest of the year.

The IMF Is Surprisingly Upbeat About Russia's Economy  

The IMF thinks we may actually skirt a recession. It is also surprisingly upbeat about Russia's economy. -- Business Insider  

IMF improves economic forecast for the eurozone and Russia amid energy crisis and raging war -- Euronews  

Are Western sanctions working on Russia’s growing economy? -- The Week

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